<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 2,699 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 20,305 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 29,920 <INVESTMENTS-CARRYING> 5,458 <INVESTMENTS-MARKET> 5,414 <LOANS> 51,702 <ALLOWANCE> 3,116 <TOTAL-ASSETS> 119,094 <DEPOSITS> 89,040 <SHORT-TERM> 0 <LIABILITIES-OTHER> 2,189 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 111 <COMMON> 317 <OTHER-SE> 17,436 <TOTAL-LIABILITIES-AND-EQUITY> 119,094 <INTEREST-LOAN> 1,211 <INTEREST-INVEST> 826 <INTEREST-OTHER> 23 <INTEREST-TOTAL> 2,060 <INTEREST-DEPOSIT> 653 <INTEREST-EXPENSE> 803 <INTEREST-INCOME-NET> 1,257 <LOAN-LOSSES> (94) <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,746 <INCOME-PRETAX> 302 <INCOME-PRE-EXTRAORDINARY> 302 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 302 <EPS-PRIMARY> .01 <EPS-DILUTED> .01 <YIELD-ACTUAL> 4.78 <LOANS-NON> 0 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 101 <ALLOWANCE-OPEN> 3,200 <CHARGE-OFFS> 0 <RECOVERIES> 10 <ALLOWANCE-CLOSE> 3,116 <ALLOWANCE-DOMESTIC> 3,116 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0